AceTraderFx: DAILY MARKET OUTLOOK on Major - USD/JPY

[acetraderfx]

AceTraderFx Aug 12: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK on Major USD/JPY
Update Time: 12 Aug 201609:00 GMT

USD/JPY - 102.03
Despite the greenback's rally on Friday's post release of robust U.S. jobs report to 102.66 on Monday, subsequent strong retreat to 100.97 yesterday suggests recent upmove from last week's low at 100.68 has made a temporary top there and consolidation with downside bias would be seen for weakness towards 100.75/86.
However, aforesaid trough should hold on first testing and yield rebound.

On the upside, only above 102.03 would indicate said pullback has ended and turn outlook bullish for a re-test of 102.66.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates

 

[acetraderfx]

AceTraderFx Aug 15: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK on Major USD/JPY
Update Time: 15 Aug 2016 09:04 GMT

USD/JPY - 101.11
Dollar's intra-day cross-inspired selloff on Friday from 112.27 (Europe) to as low as 110.84 following tepid U.S. retail sales strongly suggests correction from August's 100.68 low has ended earlier at 102.66 and downside bias remains for re-test of said sup, break would extend marginal weakness later today.
However, 'loss of downward momentum' would keep price well above daily pivotal sup at 100.00 (July's bottom) and risk has increased for a stronger retracement of recent decline to take place.

On the upside, above 101.77 would prolong recent volatile broad sideways swings and may risk another bounce to 102.10/20 before prospect of another fall later this week.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates

 

[acetraderfx]

AceTraderFx Aug 23: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK on Major USD/JPY
Update Time: 23 Aug 2016 09:23 GMT

USD/JPY - 100.17
Despite dollar's initial gap-up open and rise to 100.93 yesterday, subsequent retreat suggests further choppy trading inside recent range of 99.54-101.17 would continue with mild downside bias and marginal weakness is likely to be seen, however, support at 99.65 would remain intact and yield rebound later.

On the upside, only above 100.93 would revive bullishness for gain towards 101.17, break there would indicate aforesaid upmove from 99.54 has resumed and extend towards 101.46/50.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates

 

[acetraderfx]

AceTraderFx Aug 25: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK on Major USD/JPY
Update Time: 25 Aug 201609:26 GMT

USD/JPY - 100.32
Despite dollar's initial gap-up open and rise to 100.93 on Monday, subsequent retreat to 99.94 on Wednesday suggests further choppy trading inside recent range of 99.54-101.17 would continue with mild downside bias and marginal weakness is likely to be seen.
However, support at 99.65 would remain intact and yield rebound later.

On the upside, only above 100.93 would revive bullishness for gain towards 101.17, break there would indicate aforesaid upmove from 99.54 has resumed and extend towards 101.46/50.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates

 

[acetraderfx]

AceTraderFx Aug 26: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK on Major USD/JPY
Update Time: 26 Aug 201609:18 GMT

USD/JPY - 100.45
Despite dollar's initial gap-up open and rise to 100.93 on Monday, subsequent retreat to 99.94 on Wednesday suggests further choppy trading inside recent range of 99.54-101.17 would continue with mild downside bias ahead of today's Yellen speech and marginal weakness is likely to be seen, however, support at 99.65 would remain intact and yield rebound later.

On the upside, only above 100.93 would revive bullishness for gain towards 101.17, break there would indicate aforesaid upmove from 99.54 has resumed and extend towards 101.46/50.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates

 

[acetraderfx]

AceTraderFx Aug 30: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK on Major USD/JPY
Update Time: 30 Aug 2016 09:15 GMT

USD/JPY - 102.38
The greenback's rally to as high as 102.39 on Monday following Yellen's hawkish comments, then intra-day break of this level signals upmove from August's 7-week trough at 99.54 remains in progress and consolidation with upside bias remains for gain towards 102.66.
However, near term loss of momentum would keep price below 102.83 today and yield retreat later.

On the downside, only below 101.46 would indicate a temporary top has been made and turn outlook bearish for a stronger retracement towards 101.17 (previous resistance).

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates

 

[acetraderfx]

AceTraderFx Aug 31: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK on Major USD/JPY
Update Time: 31 Aug 201609:35 GMT

USD/JPY - 103.18
The greenback's rally to as high as 103.13 yesterday on dollar's broad-based strength, then intra-day break of this level signals upmove from August's 7-week trough at 99.54 remains in progress and consolidation with upside bias remains for gain towards 103.50/52.
However, near term loss of momentum would keep price below 103.99 today and yield retreat later.

On the downside, only below 101.75 would indicate a temporary top has been made and turn outlook bearish for a stronger retracement towards 101.17 (previous resistance).

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates

 

[acetraderfx]

AceTraderFx Sept 1: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK on Major USD/JPY
Update Time: 01 Sep 2016 09:00 GMT

USD/JPY - 103.63
The greenback's rally to as high as 103.53 yesterday on dollar's broad-based strength, then intra-day break of this level signals upmove from August's 7-week trough at 99.54 remains in progress and consolidation with upside bias remains for gain towards 103.75/80.
However, near term loss of momentum would keep price below 103.99 today and yield retreat later.

On the downside, only below 101.75 would indicate a temporary top has been made and turn outlook bearish for a stronger retracement towards 101.17 (previous resistance).

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates

 

[acetraderfx]

AceTraderFx Sept 6: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK on Major USD/JPY
Update Time: 06 Sep 2016 09:25 GMT

USD/JPY - 103.34
Despite the greenback's rally to as high as 104.32 on Friday on dollar's broad-based strength, subsequent retreat suggests the erratic upmove from August's 7-week trough at 99.54 has made a minor top there and choppy trading with downside bias would be seen for weakness towards 103.13, then 102.80.
However, near term loss of momentum would prevent steep fall beyond there and reckon price would hold well above 102.39 and yield rebound.

On the upside, only above 104.00 would indicate aforesaid pullback has ended instead and turn outlook bullish for a re-test of said resistance, break, 104.70/80 later this week.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates

 

[acetraderfx]

AceTraderFx Sept 9: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK on Major USD/JPY
Update Time: 09 Sep 201609:19 GMT

USD/JPY - 102.18
Despite the greenback's rally to as high as 104.32 on Friday on dollar's broad-based strength, subsequent selloff yesterday on poor U.S. economic data suggests the erratic upmove from August's 7-week trough at 99.54 has made a minor top there and choppy trading with downside bias would be seen for weakness towards 101.17, then 100.80/90.
However, near term loss of momentum would prevent steep fall beyond there and reckon price would hold well above 101.62 and yield rebound.

On the upside, only above 104.00 would indicate aforesaid pullback has ended instead and turn outlook bullish for a re-test of said resistance, break, 104.70/80 later this week.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates